Obama makes a good proposal, direct government funding of education loans.

[LegalSmash]

http://news.yahoo.com/s/ap/20090424/..._college_costs

GOOD PROPOSAL from OBAMA, ZOUNDS!

CLAP CLAP CLAP

Too bad I'm done with school, if I was just starting I could have government funded my money instead of having to borrow Jew Gold from private companies with retarded interest rates.

I like this, and I a happy with this proposal by him. It may be too little, too late for me, but I have a LOT of relatives that this could benefit.

[PotshotPolka]

(Finishes filling out an ROTC-Army scholarship and enlistment)

Do what?

[Blue Wolf X53]

This fall I am going to college, so I may not need much of there help (scholarship), but I know people who need this money. Good call Obama

[Italian Jew]

http://news.yahoo.com/s/ap/20090424/..._college_costs

GOOD PROPOSAL from OBAMA, ZOUNDS!

CLAP CLAP CLAP

Too bad I'm done with school, if I was just starting I could have government funded my money instead of having to borrow Jew Gold from private companies with retarded interest rates.

I like this, and I a happy with this proposal by him. It may be too little, too late for me, but I have a LOT of relatives that this could benefit.

http://jewpimp.ytmnd.com/

How we roll

[LegalSmash]

(Finishes filling out an ROTC-Army scholarship and enlistment)

Do what?

Yeah, not everyone qualifies, I know this personally.

[RedOctober]

good news finally. i can pay for Embry Riddle now! yay

[LegalSmash]

good news finally. i can pay for Embry Riddle now! yay

If you are being serious, this is what I'm talking about, there are a lot of people who could really use money for some sort of tech school that would otherwise have to borrow privately at higher rates. We need people to be able to spend their income that they earn with their degree on the economy, rather than on paying back loans for the majority of their adult life.

[PotshotPolka]

If you are being serious, this is what I'm talking about, there are a lot of people who could really use money for some sort of tech school that would otherwise have to borrow privately at higher rates. We need people to be able to spend their income that they earn with their degree on the economy, rather than on paying back loans for the majority of their adult life.

I still am personally against this. I prefer to think of it as test of character for a person to be willing to pay their way to their own successful future.

[LegalSmash]

I still am personally against this. I prefer to think of it as test of character for a person to be willing to pay their way to their own successful future.

Its either you aren't getting the point of the article, and the method by which educational loans are given, or you have somehow had a brainfart from "intelligent kid" to "fucking moron", I'm not sure...
Basically, the government would back educational funding at a higher level, rather than farming it out for companies that charge at a much higher rate, with more draconian terms. People still pay back government loans, they HAVE to, you cannot bankrupt your way out of it
either. This is a DIRECT loan, not a perkins, or a stafford loan, federal direct is "must pay back loan" as opposed to "I can get out of this depending on X or Y". Private company loans on the other hand, charge usurious interest rates on students desperate to finish their education, rather than having reasonable terms, they will sue you (when you have nothing to be sued for to begin with), and wreck your credit, despite the state of the economy, your employment situation, or ability to pay. Trust me, I know this all too well, I'm a professional who has a LOT of student loans.

its almost as bad as the health insurance industry (another aspect of business created on artificially created need by a bunch of dicks who saw a way to fuck doctors out of money, and people out of paychecks based on "fortuitous events ****)

People paying for their own educations is fine, and if its possible, you should do it, because borrowing is expensive.... but your test of character argument is a crock of shit, I'm sorry.

It's easy to "pull yourself up by your bootstraps" in college
except for when the economy is so stagnant that it will not support jobs for people seeking college money, the military's GI bill is so outdated that servicemen and women STILL have to get 20-30K in debt after having served several tours in Iraq and Afghanistan, despite injured status, etc.

Its disgusting that this country so is so ass backwards when it comes to educational investment and funding, and part of the reason why so many of our offspring are fucking retards...

I normally agree with you on a great deal of things, but as someone coming INTO college, you have no fucking idea the pressure of the financial situation regarding loans, your personal finances, and the piece of shit job market when you come OUT of college, and this is coming from someone who worked through college, and has done their best to borrow as little as necessary and paved their own way.

[PotshotPolka]

Its either you aren't getting the point of the article, and the method by which educational loans are given, or you have somehow had a brainfart from "intelligent kid" to "fucking moron", I'm not sure...
Basically, the government would back educational funding at a higher level, rather than farming it out for companies that charge at a much higher rate, with more draconian terms. People still pay back government loans, they HAVE to, you cannot bankrupt your way out of it
either. This is a DIRECT loan, not a perkins, or a stafford loan, federal direct is "must pay back loan" as opposed to "I can get out of this depending on X or Y". Private company loans on the other hand, charge usurious interest rates on students desperate to finish their education, rather than having reasonable terms, they will sue you (when you have nothing to be sued for to begin with), and wreck your credit, despite the state of the economy, your employment situation, or ability to pay. Trust me, I know this all too well, I'm a professional who has a LOT of student loans.

its almost as bad as the health insurance industry (another aspect of business created on artificially created need by a bunch of dicks who saw a way to fuck doctors out of money, and people out of paychecks based on "fortuitous events ****)

People paying for their own educations is fine, and if its possible, you should do it, because borrowing is expensive.... but your test of character argument is a crock of shit, I'm sorry.

It's easy to "pull yourself up by your bootstraps" in college
except for when the economy is so stagnant that it will not support jobs for people seeking college money, the military's GI bill is so outdated that servicemen and women STILL have to get 20-30K in debt after having served several tours in Iraq and Afghanistan, despite injured status, etc.

Its disgusting that this country so is so ass backwards when it comes to educational investment and funding, and part of the reason why so many of our offspring are fucking retards...

I normally agree with you on a great deal of things, but as someone coming INTO college, you have no fucking idea the pressure of the financial situation regarding loans, your personal finances, and the piece of shit job market when you come OUT of college, and this is coming from someone who worked through college, and has done their best to borrow as little as necessary and paved their own way.

I had reviewed my options very carefully when considering how to pay the tuition at my college, And annually the cost will be about $40,000. Paying this amount off, if I would to be extremely conservative in spending and lucky with employment would probably take at least 10-15 years to pay off, etc etc, no hard numbers here.

As far as loans go, I don't agree with it being moderating by the government on a fundamental basis. If you want to argue pragmatism, then yes, its better to either a)remove subsidization of college grants (would make the public piss FIRE) or b) just manage it directly, and cut the middle man.

I agree its hard to pay through college, and if you argue I'm being a dumbfuck for joining the army (which I planned to do anyways) to pay my way through instead of leaving a debt the size of my family's house mortgage for my folks, which is what they vehemently suggested, then I would advise to please leave that there.

To put this into a general perspective dude: This may indeed make higher education for affordable, potentially more cost effective (this, according to the article is arguable, granted I agree it cuts back considerably on the red tape), and will allow more students to attend colleges perhaps.


Is this "good"?

Last time the government decided to make things more affordable, I remember something "bad" happening. More people began buying homes because of accommodating policies, easy credit, and willing loaners.
The value of homes inflated, and eventually burst, and there were an excess number of homes on the market.

Yes, this arguably non sequitur, but if you replace homes with students, look at what could happen. If more people simply pursue higher educations, the value of college diploma will fall, and there could be a surplus of well-educated, in debt, pissy students entering a workforce with little room.
I've already been asked this once by my counselor: "So what's your major?" My answer was: "Russian Studies, dual majoring with Political Science (and now a minor in Military Science)". She then went right on and asked me "And what do you plan to get your Master's in?" I answered I didn't feel that I needed a Master's, and she was shocked and told me that a bachelor's alone these days isn't worth much of anything, you need a Master's of some sort, or else you're just a "Man of letters" as she phrased it, or rather a Pleb with basic knowledges.

Promoting education in my honest, in my "fucking morornic" opinion, in both a personal and detached opinion, is that one, this will decrease my opportunities in the job market in the future, which is yes, selfish, self-centered, but possible. And two, increasing the number of educated people in the world won't simply make it better, it will probably lead to chronic underemployment (Rocket Scientist serving Big Macs, since there are no available openings) go look at N. Korea for instance, highest literacy rate in the world.


Also it really concerns me that the government is overextending into upper-level education even more than it already has, and it will most likely incur debts and defaults just like any other bank would, and having all of education on the shoulder's of a country which is going to need new digits on its national debt clock soon is concerning.